Zoomcar prices $9.15M private placement at $4.28 per unit

Quick Summary:

The company plans to use the net proceeds to repay around $3.6 million outstanding debt for general corporate purposes and working capital.

Dronetech firm Marut Drones bags $6.

It also plans to issue an aggregate of around 2,137,850 units, with each unit being sold at $4.28 per unit.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Million Series Warrants Proceeds Private Company Policy Placement Plans Zoomcar Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 08:19:51 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23444199

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 25 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #44

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